Philippines Courier, Express, and Parcel (CEP) Market Report and Forecast 2025-2034

Philippines Courier, Express, and Parcel (CEP) Market Size

The Philippines courier, express, and parcel (CEP) market reached around USD 1.50 billion in 2023. The market is projected to grow at a CAGR of 7.6% between 2024 and 2032 to reach nearly USD 2.90 billion by 2032.

Philippines Courier, Express, and Parcel (CEP) Market Outlook

• Smart lockers that streamline the delivery process and enhance the transparency of shipment are expected to drive market growth.

• Self-driving vehicles are expected to revolutionise the CEP market in the Philippines.

• B2C services are expected to dominate the market over the forecast period.

Philippines Courier, Express, and Parcel (CEP) Market Growth

The e-commerce market in the Philippines is expected to record a double-digit growth rate over the forecast period. This is due to increasing smartphone penetration rates and an extremely active internet user base, comprising 73 million people. In 2021, overall sales reached $17 billion, due to an increase in consumer’s purchasing power and rising disposable incomes. The increasing use of e-money and the rising percentage of people accessing banking services has led to the growth of e-commerce. Cross-border purchases of items from China, South Korea, and the USA are also popular in the Philippines, which is expected to create numerous market opportunities for courier, express, and parcel service providers.

To accelerate delivery times and enhance fuel efficiency, CEP organisations are expected to optimise route development for personnel by using machine learning technology. This can also drive supply chain automation and enable them to provide white glove deliveries that boost consumer satisfaction.

In 2021, the global volume of parcels reached 21.5 billion, recording a y-o-y surge of 6%. Robotic and drone-based deliveries are expected to dominate the market in the Philippines in the coming years. Rapid technological advancements have enhanced their cost-effectiveness and made them 90% cheaper than car-based deliveries. The integration of smart sensors and machine learning cameras has enhanced their capabilities, which is expected to drive the market growth.

Philippines Courier, Express, and Parcel (CEP) Industry Segmentation

Philippines Courier, Express, and Parcel (CEP) Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Service Type

• Business-to-Business (B2B)

• Business-to-Consumer (B2C)

• Consumer-to-Consumer (C2C)

Market Breakup by Destination

• Domestic

• International

Market Breakup by Transportation Type

• Airways

• Railways

• Roadways

• Waterways

Market Breakup by End Use

• Retail and E-Commerce

• BFSI

• Healthcare

• Manufacturing

• Others

Philippines Courier, Express, and Parcel (CEP) Market Share

Based on end use, the market is segmented into retail and e-commerce, BFSI, healthcare, and manufacturing, among others. The retail and e-commerce sector is projected to dominate the market, growing at a CAGR of 10.2% during 2024-2032. This can be attributed to evolving customer habits, rising disposable incomes, and the growing demand for last-mile deliveries in the retail and e-commerce sector.

Leading Companies in the Philippines Courier, Express, and Parcel (CEP) Market

White glove delivery services are expected to become a major focus of CEP providers in the Philippines for enhancing brand consistency, increasing the reliability of shipment, and improving communication with customers.

• FedEx Corp.

• Deutsche Post AG

• J&T Global Express Limited

• Entrego Fulfillment Solutions Inc.

• LBC Express Holdings, Inc.

• Ninja Van Group

• United Parcel Service of America, Inc.

• 2GO Group Inc.

• Philippine Postal Corporation

• Ximex Delivery Express Inc.

• Others

Key Highlights of the Report